INVESTING

Forex Brokers

Monitored brokers who operate on the Forex market so that you and other traders can access reliable information about each broker company

Spreadex is a UK-based, FCA-regulated broker offering spread betting and CFD trading across forex, indices, stocks, commodities, and cryptocurrencies. Known for tight spreads, tax-free trading for UK traders, and an award-winning platform, Spreadex combines financial trading with sports betting to provide a unique market experience.
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Trust & Regulatory Status
3.6
Tradable Instruments
3.9
Fees
4.5
Account Types
4.9
4.1
Deposit and Withdrawal
3.8
Customer Support
2.9
Research and Education
3.9
Mobile Trading
4
Security
3.9
PROS:
  • Regulated by the FCA: Spreadex is authorized and regulated by the Financial Conduct Authority (FCA) in the UK, ensuring a secure and compliant trading environment.
  • Award-Winning Broker: Recognized multiple times for its trading platform, customer service, and spread betting services (e.g., City of London Wealth Management Awards, Good Money Guide Awards).
  • No Commission on Spread Betting: Spread betting at Spreadex is commission-free, making it an attractive option for traders looking to reduce costs.
  • Diverse Market Offerings: Offers over 1,000 tradable assets, including indices, forex, stocks, commodities, bonds, and cryptocurrencies.
  • TradingView Integration: Provides advanced charting and analysis tools via TradingView, enhancing the trading experience for both beginners and professional traders.
  • Interest-Free Credit Accounts Available: Traders can access credit accounts, subject to approval, allowing for more flexible trading strategies.
  • Competitive Spreads: Spreadex offers relatively tight spreads compared to some competitors, making trading more cost-effective.
CONS:
  • Limited Availability Outside the UK: While Spreadex is expanding, its services are still primarily focused on UK traders, limiting global access.
  • No MT4 or MT5 Support: Unlike many other brokers, Spreadex does not support MetaTrader 4 (MT4) or MetaTrader 5 (MT5), which may be a downside for traders accustomed to these platforms.
  • Higher Minimum Deposit for Some Accounts: The platform has a £1,000 minimum deposit for credit accounts, which may not be suitable for beginner traders.
  • No ECN Trading: Spreadex does not offer ECN trading, which means spreads may not always be as tight as those on ECN accounts with other brokers.
  • Limited Educational Resources: Compared to other brokers, Spreadex provides fewer educational tools for beginners looking to learn trading strategies and market analysis.
Founded in 2005, MultiBank Group is a globally regulated forex and CFD broker with over 2 million clients across 100+ countries. The broker offers 20,000+ trading instruments, including forex, stocks, commodities, and cryptocurrencies. With tight spreads starting from 0.0 pips, negative balance protection, and no deposit or withdrawal fees, MultiBank Group is a solid choice for traders of all levels.
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Trust & Regulatory Status
3.5
Tradable Instruments
5
Fees
3.5
Account Types
4.2
Platform and Tools
5.5
Deposit and Withdrawal
4.8
Customer Support
5
Research and Education
4.9
Mobile Trading
5.7
Security
5
PROS:
  • Strong Regulatory Oversight: MultiBank Group is regulated by over 17 financial authorities worldwide, ensuring compliance and client security.
  • Diverse Asset Selection: Offers more than 20,000 financial instruments across forex, commodities, indices, stocks, metals, and cryptocurrencies.
  • Multiple Trading Platforms: Supports MT4, MT5, and MultiBank-Plus, catering to different trading preferences.
  • Tight Spreads & Competitive Pricing: Provides low spreads starting from 0.0 pips and high leverage options.
  • Fast Order Execution: Uses advanced technology to ensure rapid trade execution with minimal slippage.
  • Secure and Segregated Funds: Client funds are held in segregated accounts with top-tier banks, enhancing security.
  • Award-Winning Broker: Recognized globally for its trading services, including the Best Global Regulated Broker 2024 award.
  • Strong Customer Support: Provides multilingual support via live chat, phone, and email.
  • No Deposit Fees: Allows free deposits across multiple payment methods, making transactions more convenient.
CONS:
  • High Minimum Deposit for Premium Accounts: While standard accounts have accessible deposit requirements, professional and VIP accounts require significantly higher funding.
  • Limited Educational Resources: Compared to some competitors, MultiBank Group offers fewer training materials and educational resources for beginners.
  • Inactivity Fees: Charges an inactivity fee if an account remains dormant for an extended period.
  • Restricted in Certain Regions: Does not accept clients from certain jurisdictions, including the U.S., Canada, and some other regulated markets.
  • No Proprietary Trading App: While MultiBank-Plus is available on mobile, the broker does not have a dedicated mobile app like some competitors.
Swissquote is a regulated Swiss broker and online bank, offering a wide range of trading instruments, including forex, stocks, ETFs, commodities, bonds, options, futures, and cryptocurrencies. Founded in 2000 and headquartered in Gland, Switzerland, Swissquote is regulated by FINMA and operates globally. The broker provides access to MetaTrader 4, MetaTrader 5, and its proprietary Advanced Trader platform, along with secure banking services and AI-powered trading insights. With a minimum deposit of $1,000 and leverage of up to 1:100, Swissquote caters to both retail and institutional traders seeking a secure and comprehensive trading environment.
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Trust & Regulatory Status
4.2
Tradable Instruments
5
Fees
3.1
Account Types
3.3
Platform and Tools
4.6
Deposit and Withdrawal
5
Customer Support
5.3
Research and Education
5.9
Mobile Trading
5.7
Security
4.2
PROS:
  • Regulated and Secure – Swissquote is regulated by FINMA, ensuring strong security and compliance with Swiss banking laws.
  • Wide Range of Assets – Offers trading in forex, stocks, bonds, ETFs, options, futures, and cryptocurrencies.
  • Banking Services – Provides integrated banking solutions alongside trading, including savings accounts and mortgage services.
  • Publicly Traded Company – Listed on the SIX Swiss Exchange, adding transparency and credibility.
  • Innovative Trading Tools – Advanced charting, market analysis, and automated trading features.
  • Strong Educational Resources – Offers webinars, trading guides, and in-depth research for traders of all levels.
  • Excellent Trading Platforms – Supports MetaTrader 4, MetaTrader 5, and its proprietary Advanced Trader platform.
  • Multi-Currency Accounts – Allows traders to hold funds in multiple currencies without frequent conversions.
CONS:
  • High Minimum Deposit – The entry-level account requires a relatively high initial deposit compared to other brokers.
  • Inactivity Fees – Charges fees for dormant accounts, which can be costly for inactive traders.
  • Limited Promotions or Bonuses – Unlike some competitors, Swissquote does not frequently offer trading bonuses.
  • No 24/7 Customer Support – Support is available during working hours, but not 24/7.
NinjaTrader is a leading trading platform and brokerage specializing in futures and forex trading. Established in 2003, it offers advanced charting, algorithmic trading, and backtesting capabilities. With low commissions, competitive spreads, and regulatory oversight by the CFTC and NFA, NinjaTrader is a preferred choice for active traders and algorithmic trading enthusiasts. The platform is available on Windows, web, and mobile, ensuring accessibility for traders at all levels.
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Trust & Regulatory Status
3.5
Tradable Instruments
4.5
Fees
3.9
Account Types
3.8
Platform and Tools
2.1
Deposit and Withdrawal
3
Customer Support
3
Research and Education
2.2
Mobile Trading
2
Security
3.8
PROS:
  • Advanced Charting & Analysis: NinjaTrader offers highly customizable charting tools with a vast selection of indicators, drawing tools, and strategy development features, making it ideal for technical traders.
  • Low-Cost Trading: The platform provides competitive commission structures, with cost-effective futures trading and no monthly platform fees for basic functionality.
  • Comprehensive Simulation Mode: Traders can practice strategies in a risk-free environment with a powerful trade simulation feature.
  • Algorithmic Trading & Automation: NinjaTrader supports automated trading through custom scripts, strategies, and third-party integrations, catering to advanced traders.
  • Regulated & Secure: As a member of the NFA and regulated by the CFTC, NinjaTrader adheres to industry standards, ensuring a safe trading environment.
  • Variety of Market Data Feeds: Users can connect to various data providers for real-time and historical market data, increasing flexibility.
CONS:
  • Limited Asset Offerings: NinjaTrader focuses primarily on futures and forex trading, with no support for stocks, options, or cryptocurrencies directly.
  • Steep Learning Curve: The platform’s advanced features and extensive customization options may be overwhelming for beginners.
  • Windows-Only Desktop Application: While NinjaTrader offers web and mobile access, the full-featured trading platform is only available for Windows.
  • Higher Costs for Advanced Features: While the basic platform is free, advanced features and trading execution require a funded account or a lifetime license purchase.
  • No Direct Customer Support for Free Users: Traders using the free version have limited access to direct customer support, relying mostly on community forums and resources.
Optimus Futures is a U.S.-based, CFTC-regulated futures broker offering low-cost trading, advanced trading platforms, and direct market access. Established in 2004, it provides traders with competitive commissions, deep market liquidity, and access to a wide range of futures contracts across commodities, indices, metals, and energies. The broker integrates with Optimus Flow, TradingView, MultiCharts, Sierra Chart, and MT5, catering to both professional and retail futures traders.
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Trust & Regulatory Status
2.2
Tradable Instruments
3.3
Fees
4.1
Account Types
4.2
Platform and Tools
5
Deposit and Withdrawal
5
Customer Support
5.6
Research and Education
2.9
Mobile Trading
3.9
Security
3.7
PROS:
  • Regulated Broker – Registered with the Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA), ensuring security and compliance.
  • Multiple Trading Platforms – Offers Optimus Flow, TradingView, MultiCharts, MetaTrader 5 (MT5), and Sierra Chart, catering to various trading styles.
  • Low-Cost Trading – Competitive commissions starting at $0.25 per side for micro contracts and $0.75 per side for standard contracts.
  • Advanced Trading Tools – Features include depth of market (DOM), order flow analysis, and algorithmic trading capabilities.
  • Low Day Trading Margins – Minimum margins as low as $50 for micro contracts, making it accessible for active traders.
  • Strong Customer Support – Provides phone, email, and live chat support, with personalized onboarding.
  • Extensive Educational Resources – Includes webinars, tutorials, and market analysis for beginner and advanced traders.
CONS:
  • Limited Asset Classes – Focuses exclusively on futures trading, with no access to forex, stocks, or cryptocurrency.
  • No Commission-Free Trading – Unlike some competitors, Optimus Futures does not offer commission-free trading options.
  • Limited Deposit Methods – Accepts only bank wire transfers, with no support for credit cards or e-wallets.
  • Platform Fees May Apply – Some third-party trading platforms may have additional costs.
TP Trade is one of the new brokers that has not been operating for long and may not be well-known yet. With a variety of asset trading services, which when viewed from the overall picture, there is still a lot of information for us to delve into, but which will be updated in this review.
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Trust & Regulatory Status
4.5
Tradable Instruments
5
Fees
6
Account Types
6.5
Platform and Tools
6.5
Deposit and Withdrawal
4.5
Customer Support
5
Research and Education
3.6
GOFX is a premier trading company known for its robust platforms and wide range of trading options. By offering a seamless experience for traders of all levels, GOFX has carved out its own niche in the financial world. This article covers it all, giving you an in-depth look into the world of GOFX.
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Credibility
7.5
Fee
7
Platform
5.5
Customer Care
7.5
Tradable Assets
8
Account Type
8.5
Deposit-Withdrawal
7.5
Knowledge Source
8
The review evaluates JustMarkets, a forex and CFD broker, highlighting its competitive spreads, diverse account types, and robust customer support. It notes that JustMarkets offers a wide range of tradable instruments and supports multiple trading platforms, including MetaTrader 4 and 5. The review also discusses the broker's regulatory status and emphasizes its commitment to providing educational resources for traders.
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Trust & Regulatory Status
6
Tradable Instruments
7
Fees
8
Account Types
8
Platform and Tools
9
Deposit and Withdrawal
8
Customer Support
9
Research and Education
7
Mobile Trading
8
Security
8
PROS:
  • Regulatory Compliance: JustMarkets operates under multiple regulatory bodies, including the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Authority (FSA) in Seychelles, the Financial Sector Conduct Authority (FSCA) in South Africa, and the Financial Services Commission (FSC) in Mauritius. This multi-jurisdictional regulation enhances the broker's credibility and ensures adherence to international standards.
  • Low Minimum Deposit: With a minimum deposit requirement as low as $10, JustMarkets is accessible to traders with varying capital levels, making it particularly attractive to beginners.
  • High Leverage Options: The broker offers leverage up to 1:3000, allowing traders to control larger positions with a smaller capital outlay. This feature can amplify potential profits, though it also increases risk.
  • Diverse Trading Instruments: JustMarkets provides access to a wide range of trading instruments, including forex pairs, commodities, indices, shares, and cryptocurrencies, enabling traders to diversify their portfolios.
  • Flexible Trading Strategies: The broker supports various trading strategies, such as scalping, news trading, and the use of Expert Advisors (EAs), offering flexibility to traders with different approaches.
CONS:
  • Limited Regulation by Top-Tier Authorities: While JustMarkets is regulated by several authorities, it lacks oversight from top-tier regulators like the UK's Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC), which may be a consideration for some traders.
  • Restricted Services in Certain Countries: The broker does not accept clients from the United States, United Kingdom, or Japan, limiting its accessibility to traders in these regions.
  • Inactivity Fees: JustMarkets charges an inactivity fee for accounts dormant over a specified period, which could affect traders who do not trade frequently.
  • Withdrawal Processing Times: Some traders have reported longer-than-expected withdrawal processing times, particularly for bank transfers, which can be inconvenient.
IG is a globally recognized online trading broker, established in 1974 and headquartered in London, UK. It offers access to over 17,000 markets, including forex, stocks, commodities, and cryptocurrencies. Regulated by top-tier financial authorities such as the FCA and ASIC, IG provides a secure trading environment with multiple platforms, including MT4, TradingView, and proprietary web and mobile apps. The broker is known for its advanced charting tools, weekend trading options, and extensive educational resources. While it features strong market access and investor protections, IG's fee structure can be complex, and it lacks MetaTrader 5 integration.
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Trust & Regulatory Status
9.5
Tradable Instruments
9
Fees
8.5
Account Types
8
Platform and Tools
8.5
Deposit and Withdrawal
8
Customer Support
8.5
Research and Education
9
Mobile Trading
8.5
Security
9
PROS:
  • Multi-Platform Flexibility: Six distinct trading platforms including web, mobile, MT4, Trading View, and advanced options like L2 Dealer, catering to different trading styles.
  • Weekend Trading Available: Unique offering of weekend trading on major forex pairs and indices, allowing traders to respond to off-hours events.
  • Tiered Protection System: Advanced security features including segregated client funds, FSCS protection up to £85,000, and negative balance protection for retail clients.
  • Deep Market Access: Trading available across 13,000+ shares, 80+ forex pairs, 35+ commodities, and multiple cryptocurrencies through a single account.
  • Multiple Regulatory Coverage: Regulated by 10+ major financial authorities (BMA, FCA, ASIC, JFSA, MAS, etc.), providing multi-layered oversight.
  • Flexible Chart Analysis: Ability to split charts up to four times to view different timeframes simultaneously on one screen.
  • No Minimum Deposit for Bank Transfers: Unlike many brokers, IG doesn't require minimum deposits when funding via bank transfer.
CONS:
  • Cost Structure Complexity: Different fee structures across platforms and products, with some requiring minimum activity to avoid charges.
  • Higher Fees on Certain Products: Some products have higher fees than competitors.
  • Regional Limitations: Product offerings may be limited based on location.
  • No MetaTrader 5 Integration: Offers only MT4, missing out on MT5's enhanced features.
  • Time-Based Support: Customer service is limited to Monday-Friday, which could be problematic for weekend traders.
In the vast landscape of brokers, one name stands out—Loyal Primus. Renowned for their unwavering commitment to clients and an unparalleled track record, Loyal Primus has earned a reputation as a trusted advisor and a beacon of reliability in the financial industry. But what truly sets them apart? What hidden gems lie beneath their impressive facade? This review will delve into the depths of Loyal Primus, revealing the secrets and unveiling the truth behind their success. Brace yourself, as this exploration will shine a light on Loyal Primus, their services, and everything you need to know. Prepare to be captivated as we uncover the inner workings of this remarkable broker.
 
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Trust
2
Fees
5
Platforms and Tools
3
Customer Support
2
Tradeable Instruments
4
Account Types and Terms
3
Deposit and Withdrawals
4
Research and Education
3
PROS:
  • Availability of multiple account types
  • Access to the widely used MT4 trading platform
  • Tradable assets include currencies, commodities, and indices
CONS:
  • Lack of comprehensive trading resources and educational materials
  • Limited transparency regarding regulations
  • Insufficient information about deposit and withdrawal methods
  • Minimal customer support options
  • Absence of an FAQ section
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Trust & Regulatory Status
7
Tradable Instruments
6.5
Fees
7.5
Account Types
6.5
Platform and Tools
5
Deposit and Withdrawal
5
Customer Support
6.4
Research and Education
6.5
PROS:
  • Regulated and licensed by reputable organizations.
  • Extensive trading resources and knowledge available.
  • Offers negative balance protection for clients.
  • Diverse deposit and withdrawal methods.
  • Commission-free products.
  • Website supported in Vietnamese 24/7.
CONS:
  • Only one type of trading account available, but it is not disclosed on the website.
  • Offers only Mitrade’s proprietary trading platform, lacking basic MetaTrader 4 and 5 platforms, which may pose challenges for many traders.
  • No promotional programs available.
  • Basic and limited range of trading products.
This review aims to uncover the truth about Vonway, a broker that claims to offer a wide range of services. We'll take a closer look at Vonway's features, trading platforms, and customer experience to separate fact from fiction. Stay tuned to get a comprehensive understanding of Vonway's capabilities and decide if it lives up to its promises.
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Trust
2
Fees
5
Platforms and Tools
4
Customer Support
4.5
Tradeable Instruments
4
Account Types and Terms
3.5
Deposit and Withdrawals
4
Research and Education
3
PROS:
  • User-friendly interface
  • Offers a variety of trading instruments
  • Provides a 50% deposit bonus promotion
CONS:
  • Lacks explicit regulatory oversight
  • Limited educational resources
  • Absence of comprehensive customer support
  • Unclear information on regions of operation
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